Legal
Ex-Nomura Trader Beats SEC Claims in Trial Over Bond-Price Lies
- Trial was one of the last from crackdown that began in 2013
- James Im led Nomura’s CMBS desk from 2009 until 2014
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A former Nomura Holdings Inc. senior bond trader was found not liable for defrauding the bank’s clients by lying to them about the prices of commercial mortgage-backed securities.
The jury verdict Friday in Manhattan federal court following a weeklong trial is another blow to the U.S. government’s attempts to rein in questionable practices by bond traders.